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in the markets. we will get to rich with the latest development now evolving president obama with these powdered subsistence, ricin, or whatever they may be in a couple minutes. dagen: nicole petallides is at the new york stock exchange with more. nicole: easy come easy go. use all the up arrow's yesterday. how about the tech heavy nasdaq version mark down over 2%. you had earnings and both bank of america and intel are to the downside. some cases, seven week lows for the european stocks. back to you. connell: thank you, nicole. dagen: learning a second letter containing a powdered substance thought to be ricin was also sent to president obama. connell: we do not know yet. rich edson has the story. rich: two letters, one sent to a senator, one sent to president obama. intercepted at a secondary facility. both containing a white powdery substance. the one sent to the senator preliminary tested positive for ricin. the one sent to president obama is also being tested right now. those who handled these letters are not showing any symptoms right now of being affected with some type of poison. this is
concerning president obama that were lost. they are now being followed up by some things that were more truthful. if you are out to lunch, you missed the whole thing. lori: we can confirm that the ap twitter account was attacked. it was to your point false. melissa: that is amazing. we are talking about the power of twitter you see the market perhaps react and respond to that. it is back to where it was now. a major stock to watch today is netflix. shares soaring today. time to make some money with charles payne. did you see what just happened? charles: so unfortunate when these things happen. one of the most amazing stealth rallies in history. it is really sad, sad stuff. i netflix. [ laughter ] my daughter is at the house on sunday. she said she is getting rid of cable and doing netflix. this is an amazing quarter for the company. what was interesting, i would have put up a table of the membership and the profit sources. everyone talks about streaming right now. you would be surprised. dvds really did well for them. their core business. melissa: isn't this amazing, remember dvds? char
obama could have avoided this. here comes liz and charles. they're fired up about this and they're frequent flyers coming up. ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >> we are seeing real pain on the ground in the form of airport delays. maximum, deliberate pain because of those sequester cuts. here is what senator harry reid had to say about it. >> the airports across the country, millions of americans who fly will get their first taste of pain of sequestration. many americans have been feeling that pain for weeks. stuart: let's bring in liz macdonald on this one because the president specifically rejected a measure which would have given him the flexibility to say cut here, not the
on the latest on the boston marathon, president obama spoke at an interfaith church service as investigators search for the press or people responsible for the attack. rich edson has the latest. rich: president obama just arrived at massachusetts general hospital where he will meet with hospital staff, some of the victims of this. he was meeting with those of the boston athletic association, volunteers, victims' families, first responses, link the statement of the president of the added stake in boston speaking at the interfaith service attended by number of dignitaries including former presidential challenger mitt romney who was in attendance with his son. when you listen to what the president spoke for about noon he started speaking and set a stern message to the bombers. >> bostonians carried victims and their arms, little water and blankets, lined up to give blood. opened their homes to total strangers, give them lives back to reunite with their families. that is love. that is the message we send to those who carried this out to anyone who would do harm to our people. yes, we will find y
to president obama's budget and take a look at this statistic. 86% of tax increases will fall on people making $200,000 a year or more in 2015. this according to the new study by the tax policy center. what to make of this? joining us is the senior political analyst for the washington examiner. michael, good to see you. i'm more interested in the fact that earners nearly every income level will bear some sort of tax increase in this which flies in the face behalf president obama promised years ago. >> when president obama was running for his first term, he said he wasn't going to raise taxes on ordinary people. that's actually been violated in a number of ways, including in the obama care law and early increase in the cigarette tax that tends to hit down scale people more often than it hits upscale people. but in the second term, he's putting in his budget these proposals to change, as i understand it, the c.p.i. that means that your bracket increases will go into effect earlier. people will be thrust into higher tax brackets and so-called buffett tax which amounts to a sort of revival of the
obama paused in the oval office for a moment of silence to honor victims of the marathon bombings. the observance took place at 250 eastern time that is when the bombs exploded near the finish line of the race. as he did so, many people across the boston did the same, stopping to remember the deadly attacks. >> homeland security secretary to janet nap olitano steps of to the plate today in debate over and immigration overall. she will testify before the senate judiciary committee. some questions will come from republican senator skeptical of legislation and of the obama administration's record on border security. >> the transportation security administration is delaying a policy change because as received so much a backlash. federal officials say, they are temporarily delay the policy that will allow passengers to carry small knives on to airlines. the t s a says, it needs more time to consider feedback from advisory committee. the committee includes the aviation industry and consumer law enforcement officials. the policy has been fiercely opposed by flight attendants, unions. it
: mike, thank you for being here. good to speak with you. mike baker. connell: president obama will deliver a statement at 11:30 a.m. eastern time. one of the questions people have brought up after the bombing yesterday and we will start to get into this today and the coming days, what if any impact they will have going forward on our economy. dagen: peter barnes has much more on this. peter: we looked at research reports on the impact of attacks of 9/11 back in 2001. the current economy has shown some softness recently in job creation and retail sales. any hits to consumer confidence may make things worse. two economists that i have talked to this morning do not think it will get too bad. the 9/11 attacks were targeted for the financial systems. consumer confidence rose sharply after the 9/11 attacks. experiencing the biggest monthly drop in a decade. the attacks caused more than 400 mass layoffs and displaced 130,000 workers. industrial production fell back then. the unemployment rate jumped more than a half a percentage point. we were already in a recession that september. w
with a live briefing one starts. dagen: president obama briefed this morning. we are looking at this live breast priest -- press briefing- press briefing. meantime in washington president obama was briefed this morning on the boston investigation. the man had. we go to rich jensen at the white house with the latest. >> reporter: a very fluid situation. the national security staff convening about an hour-long briefing this morning that ended -t about -- probably an hour ago. we were supposed to get a briefing in new from the press secretary, just a regular is scheduled briefing, the daily briefing. that has been pushed off, postponed to a time to be determined. we are learning now also comes from capitol hill. his reporting, is senior source on capitol hill was brief but a national data terrorism center saying that police believed dzhokhar tsarnaev is still in the boston area and it is important they get all the time and do so live because they want to find out if this is something broader. there is another person involved those sources saying it is hard to believe that these two men opera
service which was entitled healing our city. it ran about an hour and 15 minutes. and president obama who spoke for about 10 minutes or so in a speech that was part sermon and also intended to inspire the city. >> i'm here today on behalf of the american people with a simple message. every one of us has been touched by this attack on your beloved city. every one of us stands with you. after all it's our beloved city, too. boston may be your hometown, but we claim it, too. >> at this hour the president is still in boston meeting with volunteers and all the while that this was going on, the investigation was continuing, the video evidence that authorities have been looking at includes potentially two individuals that may either be witnesses or may have had a role in the attacks on monday. there is video of somebody places a bag at the site that may or may not be the bag that contained the bomb. nbc news also reporting that authorities are canvassing hobby stores because some fragments included wiring and batteries. often the type used in toys. so they want to see whether these things were p
. it should be triple that. we'll investigate. so much for president obama's second term bounce. his agenda, i say, falling apart, three key pieces going nowhere or in big trouble. a new hour of "varney and company" starts now. ♪ first, an update on the blast in texas. extraordinary video out this morning of the explosion in the town of west, texas. it started as a fire at the plant, but after firefighters rushed to the scene, the plant literally exploded, leaving first responders among the dead. the area around the area is decimated. that's a direct quote. five dead, 160 # woundedded. the blast so powerful it registered a 2.1 on the earthquake scale and felt as far as 45 miles away. more updates as the information comes in. check the big board, moving a little bit lower. we're down almost 50 points, 14500 is where we are. to nicole, the big stock followed today dipped below 400. that's apple. where is it now? >> right, at 398.52, watching it closely because yesterday was a monumental daybreaking down below 400 for the first time since december of 2011, so, obviously, it's been pummeled, dow
more on the reaction from washington, rich edson is live at the white house. president obama was briefed on the situation this morning, the situation room as it is called is active. rich: it is quite active and has been this morning and president obama started a meeting with the vice president, it lasted an hour. we have subsequent meetings here, secretary of state john kerry, secretary of defense shuts hegel, director of intelligence james clapper and others at the white house. however senior administration officials stress that is for previously scheduled meeting of national security principals, so nothing really specifically to do, nor was unscheduled specifically because of the events in boston, that was earlier this morning. news from capitol hill according to bret baier of fox news saying officials briefed lawmakers on capitol hill telling them they really want to get this second suspect alive find out perhaps if there are any more people involved, find out whether they have any training overseas or if they were radicalized in the united states or overseas and that has
obama. massachusetts governor and the boston mayor as well as yoyo ma, and mitt romney, long time boston resident will be in attendance. meantime, all around downtown, memorials are cropping up, makeshift memorials. there are flowers everywhere, jerseys hanging along the police barricades and a sign on one of the buildings that says boston doesn't blink. training for 2014 begins now. all of this comes this day of remembrance after a day of breakthroughs yesterday. and the breakthroughs include images, so many images available. this is one of them that was obtained by our nbc affiliate whdh that shows what appears to be a bag at the site of one of the blasts. that could be the bomb. there is also video that has not been released yet, an image of a man believed to be around six feet tall in a white or off white baseball cap that is certainly some of these authorities want to talk to. this video shows this individual putting a bag down near the scene of the second blast. some of the best pictures come from the surveillance camera on the front of the lord and taylor store, which is directly
. >>> first up tonight, president obama will travel to boston thursday for an interfaith service with bombing victims. more than 24 hours after two bombs ripped through marathon crowds killing three, wounding 170 others, investigators are still no closer to answers. late this afternoon, the fbi said no claims of responsibility have been received, and the search for suspects is wide open. deborah boxdy joins us now from boston with all of the latest. good evening, deborah. >> reporter: good evening, larry. i'm live here along boylston street in the heart of boston, about four blocks or so away from the marathon's finish line, where those two bombs exploded just one day ago. security around the city remains extremely tight, as people try to move on after that devastating attack. three people died, including 8-year-old martin richard of dorchester, massachusetts. more than 170 others were hurt. some of them losing limbs. earlier today, authorities began processing that crime scene, which now stretches about 12 city blocks. they detailed some of the evidence found at the scene during an evening n
poisoned with iricin, which wer sent to president obama and senator roger wicker. eamon javers has the latest on the ricin scare. >> reporter: we've had a flurry of suspicious package incidents in washington here today. earlier today, the hallway right behind me here in the russell senate office building was actually closed off and a bomb squad moved in to investigate a suspicious package that was there. also, staffers received an e-mail alert, not to go anywhere near the third floor of the hart senate office earlier today because of a suspicious package incident over there. some members of congress reporting suspicious letters, including senator carl levin, who said that a letter was delivered to his saginaw, michigan, office. he said in a statement a minute ago that a staffer there has been sent to the hospital on a precautionary basis. that staffer hasn't developed any symptoms of ricin poisoning. and then, of course, over at the white house today, they said they had a suspicious package incident of their own as well. here's press secretary jay carney earlier today. >> there was
to the deadly blast at the boston marathon finish line. president obama refered to the tragedy as a 'senseless loss' and responded by calling for stepped up security. "i directed the full resources of the federal government and state and local authories to protect our people, increase security around the u.s as necessary and investigate what happened." among yesterday's major market movers, a panic sell-off that started early in the session intensified on the boston blast. the dow fell 266 points, the nasdaq 79, and the s&p 37. but it was the steady, steep declines in commodities that caused concern. gold lost $153 as oil slipped $3.56. who would have thought we would ever be talking about the boston marathon in the market? joining me now is mark sebastian of option pit mentoring. good morning to you. unbelievably, the market did move on that explosion yesterday, mark. - yes it did. it was kind of an ugly day all around. we were already going to be down on what was going on with gold and with bad news out of china, and then this boston marathon news comes out, and anybody who would have presse
for the super bowl and obama's inauguration came with a $124 million security price tag and there's no guarantee that it will always work. >> my sense is, for something like this, you could not possibly have frisked everybody in boston before the marathon or looked in every trash can everywhere. no matter what security officials do, life and the parade will go on. for "nightly business report." >> and that's it for us, "nightly business report" thanks so much. have a great evening, everybody. we will see u tomorrow.
orleans. the nfl spent $6 million on security for the super bowl and obama's inauguration came with a $124 million security price tag and there's no guarantee that it will always work. >> my sense is, for something like this, you could not possibly have frisked everybody in boston before the marathon or looked in every trash can everywhere. no matter what security officials do, life and the parade will go on. for "nightly business report." >> and that's it for us, "nightly business report" thanks so much. have a great evening, everybody. we will see you tomorrow. >> at some point every musician chooses their instrument, and that instrument, with all its intricacies and demands, will lead them down their creative path. >> barbara bonney: the word amateur means they do it because they love it. how many times have i burst into tears because i've been so inspired by what people bring up here. >> musical instruments, this time on spark. [ ♪music ] >> major funding for spark is provided by the william and flora hewlett foundation, supporting creativity and innovation in the arts since 1967. an
et cetera to keep your maturity short. >> i want to squeeze in a tax question. we hear that the obama administration may want to put a cap on the tax exemption. is that another reason to clean up your portfolio now rather than wait? >> well, i don't know that it's another reason to clean up your portfolio, but it's certainly something to keep on the radar screen. you know, obviously, with everything that's going on in washington, everything is on the table. and with each one that comes out, there's a proposal that there would be a 28% cap on deductions so no one would be lower than the 28% tax bracket. that means you couldn't have all tax-free income that would put you in no tax bracket. in essence, that would be a tax on municipal bonds. mayors and governors are fighting this very, very aggressively. and each time they seem to get it out of the budget proposal and then a new budget proposal comes out and it's back in. i do believe that ultimately, state and local governments will be success chl in arguing that this will drive the economy right back into the recession and actually won
with this individual who they have on video. kelly. >> scott, we'll leave it there for now. we know president obama is visiting the area. >>> in the meantime, commodity prices are selling off. the sell-off i should say continues. it's mostly copper today, though. and we are certainly off the lows. in fact, something of a rebound shaping up now with gold up better than 1%. crude participating, as well. brent and nymex there both remaining below if you want to call them key psychological levels of $109 a barrel respectively. we've seen miners down significantly in some cases this morning. coming off the lows of the session. how do you play the commodities space? what other opportunities might the u.s. offer in particular here? darren joins me from yorkville capital. welcome. you're here to talk infrastructure, but the conference is about infrastructure, but what you're talking about, really, are some of the opportunities that the u.s. now offers, given a lot of the big changes we've recently seen when it comes to shale gas. >> absolutely. i will start out with two questions for you today. what's the
. so the tension is going to focus on the obama administration and following this. we saw during the presidential election campaign mitt romney continually criticized the president being soft on terrorism inspect.. >> and the benghazi incident where it seemed they -- responding to the threat sfp. >> the obama administration was reluctant to use the word terrorism and link it with al qaeda. we saw that a little bit last week, a day before the word "terrorist" was used. this is the line the republicans will use against the president, that he's soft on terror. we're already seeing senior republicans accusing the fbi of dropping the ball on this one, senator lindsay graham and senior members of the house. >> are they justified? is there any way of knowing how many threats like this come into the u.s. on a daily, even hourly basis, and whether in the grand scheme of thing this one ought to have raised the flags? >> i'm not privy to the particular piece of intelligence on this. i imagine obviously they would have thousands of these and things on an annual basis. lindsey graham has said
bad. it's a black guy for the obama administration, congress and the faa. this is going to come back and haunt washington in a major way. connell: you said it would be disastrous for the administration. why? >> well, i think ultimately the jury understands there are always ways to cut spending. it would make the obama administration appear as though it is making six. there has to be some other way to reduce expenditures that do not impact flight times and everything. do not think this looks good for congress or the obama administration. connell: most people believe that it is the big four medicare and the fence that would really hit the budget and that is where we would really have to cut back. we do that, there will be political fallout from everything. they like their social security. they like their better. >> yes. i think so. the real problem is government overspent. we also have a lack of growth. if you have strong economic growth, you would not have these problems of revenue shortfalls that come into spending. ultimately, this is pretty basic. there is a lot of pork in the budg
, president obama vowed to bring anyone responsible to justice. >> we will find out who did this and we will hold them accountable. >> counterterrorism officials tell nbc news that multiple explosive devices were found at the scene. security remains tight in and around boston. residents being told to expect a continued heightened law enforcement presence as the city tries to come to grips with a violent attack in the heart of boston. and that was katie davis there with that report. now london's metropolitan police are reviewing security plans for this sunday's marathon after the explosion in boston. the minister told bbc the best way to show solidarity with boston is to continue the race as the french president has stepped up security around public buildings in this country and raised the threat level to red. >>> speaking earlier, it was said the long lasting impact of terrorist attacks are low. >> research into terrorist incidents over many, many years, their economic impact, their direct economic impact tends to be very, very small, indeed. a lot of good research done on this in israe
, possibly that is still being tested, to president obama and to u.s. senator roger wicker. what had happened, at its off site mailing screening centers, authorities intercepted these letters. there were preliminary results saying they had tested positive for ricin. now authorities are looking whether or not they actually have. these tests usually take for final confirmation anywhere between 24 and 48 hours. so they're waiting on results of that. these are two letters the fbi says came from tennessee. so they continued their investigation there. meanwhile on capitol hill today, in a number of senate office buildings there were reports of suspicious packages, suspicious envelopes, suspicious packages being sent to state offices, local offices of u.s. senators. much of that has been cleared already. this is heightened sense of really, sensitivity here in washington, d.c. to watch out for all of these kind of things. u.s. capitol police and authorities are asking staff and lawmakers to be ever vigilant here. so far this seems to be the by-product of that. what we're really looking at now, those
-month low. john kingston will tell us how low oil will go. lori: a letter sent to president obama was poisenned with ricin, parts of capitol hill shut down because of suspicious packages and letters. the buildings are just been cleared. latest ahead. melissa: the senate in the middle of the night, literally, boost the u.s. economy as supporters claim it will? lou dobbs is here. lori: let's update you on the markets as we do every 15 minutes, happening fast and furiously. we have the first check in this hour with nicole. what's the word on the floor among traders there, nicole? >> a couple things to note, obviously, we were selling off, back looking at what we looked at on monday, monday, we dropped 265 points, below even those levels. the vix, fear index, up 20% easily showing the nervousness in the market. selling across the board, particularly in economic sensitive areas like energy and technology, and apple, for example, below $400, and we'll is more on that throughout the show. the one thing to note is the volume is not as heavy like we saw on monday. there's less volume and l
passed the finish line. president obama has called for a moment of silence for the victims of the boston marathon bombings next hour at 2:50 p.m. eastern. exactly a week after the first bomb exploded. let's get you back to melissa and lori. melissa: thank you so much. fred chairman ben bernanke skipping the annual jackson hole meeting due to a schedule conflict. that news is already causing rampant speculation. this is a big deal. the fed chairman has been there 25 years. they use the of that to signal policy changes. what do you think is going on? >> i think again, chairman bernanke is opening the door that if in fact he is not re- appointed and i think the market expected before the announcement that he would not seek reappointment, they knew person would have a clean slate to work from. there've been not think that he would say in august that someone would have to change. i think a lot of discussion is that policy will change sometime in 2014. i think it makes it easier for the new person in not having to overturn policy. melissa: not going and not saying anything almost has the same
in fuel efficiency standards under the bush administration, which were increased in the obama administration. so we're producing more and we're using less. and that's why the price of fuel is down a bit. >> all right. makes a lot of sense. fred, good to have you on the program. thanks very much. >> thank you. >> we'll be cheering on your folks here as they ring the closing bell. bill? >> all right. we're coming back a little bit here. the douw was up 151 at the high of the dead, we're up 131 right now. >> apparently, bill, the bias is to the buy side here on the floor. >> good to know. >> we'll see what happens. >>> up next, a thing who knows a thing or two about terrorism. former new york city mayor rudy us what we can learn from the explosions in boston and how to navigate this. yeah, i'm married. does it matter? you'd do that for me? really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really good deal. jake from state farm at three in the morning. who is this? it's jake from state farm. what are you wearing, jake from state farm
obama calling this now, a terror investigation. no longer a criminal investigation, but a terror investigation. and the president says investigators are still working to find out who did this. >> in coming days we will pursue every effort to get to the bottom of what happened and we will continue to remain vigilant havy administration to take appropriate security measures to protect the american people, and this is a good time for all of us to remember that we all have a part it play in alerting authorities, if you see something suspicious. speak up. >> senior intelligence officials are expected to be on capitol hill shortly to brief relevant congressional committees on all this. there is heightened sense of security on washington, d.c. today. on capitol hill and here at the white house. ever since yesterday there has been a barrier essentially not allowing to people to walk down pennsylvania avenue. that traffic pushed off to the north side of the street and it is still up. back to you. david: thank you very much, rich. appreciate it. liz: intel stock following its earnings rele
of them critically. at the white house, president obama vowed it will be a swift and thorough search for whoever planted those devices. >> we will find out who did this. we will find out why they did this. any responsible individuals, any responsible groups will feel the full weight of justice. >> scott cohen is in boston this morning and he will join us in just a moment with the latest. but first, before we do, why don't we get the market aes reaction to all of this. u.s. equity markets are coming off their worst session of the year. in fact, the dow ended at its lows of the day after concern about what was happening in boston. all dow 30 components ended in the red. after the so-called fear of gauge, the vix index was spotted at more than 40%. and the futures this morning after these declines, you'll see there are green arrows today, making up the ground loss yesterday. right now, the dow is up by 55 points, s&p is up by 5.5. gold is the major stoep story yesterday because it was down over 6%. by the end of the day, it had fallen to two-yee lows. the metal fell by as much as 2% tod
cross. carnose john o'malley --sean lead the service, at this same cathedral where president obama spoke to hundreds of mourners on thursday. on the altars that photographs of the two women and one child killed, as well as the mit police officer who shot dead in the hunt for the suspects. card o'malley chose not to mention the names of the suspects but said he did not support the death penalty. we'll continue to bring you the latest updates on the suspect in the victims of the boston marathon here on kron4 and on our web site @ kron4 .com. >> today could be the warmest of the year so far, we are waking up to crystal clear conditions. it is a bright star to the morning. highs in the east bay, oakland 82, walnut creek 89, a vallejo 81. in the south bay, similar, cupertino 91, satellite shows cleared conditions and dry weather. today, definitely the warmest day of the week, i will break down the highs in just a couple of minutes. >> we're still my train has the free ride around the bay area. a few accidents here and there but nothing major. traffic at the bridges looks good, the golden gate
than two hours. but here we have two letters one sent to president obama and republican senator both intercepted at an off-campus processing center both testing positive for rice and that is what authorities are looking into right now. that takes between 24 and 48 hours to determine if that was present also filters that a second government facility show preliminary testing positive for ricin than a number of suspicious package and a letter alerts on capitol hill that have been cleared but still local offices of u.s. senators in different states reporting they have suspicious packages which could be common for a heightened state of emergency in the summary get a number of tourists that leave bags and packages even a kids leaving the backpacking and it creates panicked. it has become almost routine for a with a high incidence of security continuing as the investigation in boston continues. cheryl: following a few breaking news stories we are getting more breaking news and want to give this to use security officials have just now cleared the boston courthouse ordering staff attorneys an
think you get more foot traffic under obama care and my analyst has a favorable rating on the company and you take it on a stock-specific basis. >> are you excited by earnings season, jeff? >> not yet. this is the real onslaught. last week was really light on the earnings front and we'll have a better peg on that after the end of this week. >> for sure. >> jeff, nice to see you. on cnbc. >> from the markets to the growing world of etfs there is 1.5 trillion under management in the u.s. alone within the etf landscape and as etfs keep gaining ground they might make their way into your portfolio and bob pis any is here with his brand new etf portfolio tracker. bob? >> and i'm very proud of that, carl. we've spoken about exchange-traded funds and the role they might play in their portfolio and we might take this to another level and we'll show you how to use etfs to build a retirement portfolio so we brought in six independent etf experts including five financial advisers that use etfs exclusively to build three retirement portfolios that we are rolling out today. the site, retirement.cnb
we have a lot of winners. >> nicole, we'll see you in 15 minutes. >> all right. president obama calling the bombings in boston an act of terrorism as the fbi continues to search for a suspect. rich edson outside the white house has breaking news on the investigation, rich, what is it? >> we do just in the last minute from our producer saying federal law enforcement officials confirmed to fox they have just ruled out that saudi man as a suspect in the bombing. remember, he had been questioned. he was never named as a suspect. the 20-year-old saudi here on visa, and law enforcement officials confirm he is ruled out as a suspect. this after a day of briefings at the white house. the president meeting earlier today with the national security team speaking earlier today. we'r from security officials, says fox news, remanents of a pressure cooker found on-site, a style first seen in afghanistan, but yet too early to determine if this is a type of device from overseas. also, some officials confirming only two bombs found in boston, the two that exploded. there is no one in custody at t
sent, one to senator roger wicker and one to president obama. both were intercepted. there is an arrest. paul kevin curtis according to the justice department. he was supposed to be in district court. he could face up to half a million dollars in fines, 15 years in prison if he is convicted. we're waiting for the latest fbi update. that comes 5:00 and we'll have it live. back to you. david: should have stuck to his elvis impersonations. thank you very much, rich. liz: thanks, rich. david: our next guest says the spring swoon hit the markets but there is a way to protect your portfolio from further losses. he will tell you how to do that yet. liz: six companies making their stock market debuts. three companies are pricing lower than expected. is this the start of a rougher second half of the year for ipos or will which see a comeback? we love to hear from you. you remember we talked about google glasses. google begins shipping them, google glass, this week. $1500 a pair. david: chief at half the price. >> such a deal. log on to faceboo facebook.com/afterthebell. let us know if you think
pilots association. a lot of republicans have charged that the obama administration is actually trying to make this look worse, make sequestration look worse for the republicans and not taking steps to try and make this system better. ray lahood and company said, hey listen, you want us to save $400 million a year. we have to do it somehow. this is how we're doing it. take a look at airline stocks. today they're doing pretty good. i want to focus on southwest. it had a great year. so have all the airlines. they're up over 60% year-to-date. even if you look today the stocks are okay. but i'll tell you, if what they say is going to happen on sunday and monday here and going forward. those airline stocks are headed just the other way. if we have the kind of delays they're talking about, real quick before i get away, show the towers, if you have the pictures of the towers out here. what will this mean, these furloughs? there won't be enough controllers. o'hare will have to shut down one of its two air traffic control towers. that means fewer runways can operate and fewer flights can take o
krueger, adviser to president obama. if you want to debate that, just go to other countries like ours that have a higher minimum wage, somehow they have -- david: ralph, i don't want to get into weeds. >> wait, wait. australia is double. minimum wage has a lower unemployment. david: hold on, hold on. you're mixing -- australia has a very low unemployment rate because their commodities industry has been feeding china for the past ten years. that's why they have -- it's not because of high minimum wage. >> try canada, try france, try germany, try denmark. any country in the western world has a higher real minimum wage. david: at the risk of totally -- >> no. david: -- making this into an academic discussion, david newmark looked at more than a hundred academic studies, and 85% of those studies find a negative employment effect on low skilled workers. so you're wrong! >> why don't you reduce the minimum wage, david, you'll increase jobs. do you want to do that? this is a moral issue, and the moral issue is reflected by companies like costco that starts workers at $11.50 because the head
today and is mourning the death of one of its police officers. we can also tell you president obama was briefed overnight. on the series of events by lisa moniker, assistant for homeland security and counterterrorism. again, going back importantly to the details, what we do know about these suspects, which we can tell you from our very own pete williams is that they are in their early 20s, they've been in the u.s. about a year, and they have some military experience. that's all we feel comfortable reporting at this point. so, again, massachusetts institute of technology classes are canceled. the mbta transit service, which serves the greater boston area, including of course a lot of major financial firms is shut down on this friday. markets, though, shrugging it off or i should say not seeing any broad fallout. we're seeing a rally shape up in u.s. futures. we're seeing rallies across global markets. sovereign debt is performing well. here is a look at the latest on the dow, the nasdaq and the s&p. hire is a look, as well, as european markets. u.s. "squawk box" will be picking up th
cross. cardinal john o'malley led the service, at the same cathedral where president obama spoke to hunt the mortars on thursday. on the altar set of photographs of the two women and one child killed, as well as the mit police officer was shot dead in the hunt for the suspect. cardinal o'malley chose not to mention the names of the suspects, but the city did not support the death penalty. >> here in the bay area. kindred delhi in martinez is showing support for young boston bombing aaron hern who was badly wounded by shrapnel. aaron dad, alan zhern , is a football coach of alhambra high school. the deli workers wore jerseys in support of the 11 year-old and his family. they're donating 50 percent of its sales to the family. aaron turner underwent several surges that boss until the hospital as we is expected to make a full recovery. >> after more than 3000 runners laced up their shoes to take part in the annual presidio 10 run at chrissy field. >> in the wake of the boston terror attacks, race organizers brought in extra security. for many of the the dispense this year's run had extra
to speak is governor deval patrick as well as president obama who will speak at the end of the service and will bring those remarks to you live. as you know in any sort of in terms of healing it, the key is willing a will to heal. that is very much apparent here in boston. now onto the investigation, as carl said two individuals being sought by authorities on camera, videos can be waptured of these individuals around the time of the bombing, but authorities are also saying that the pictures of those individuals have not been released. so pictures are not the men that authorities are looking for. but there were multiple images that captured the explosion and the time leading up to it. that's what authorities are looking at frame by frame by frame. not just cell phone video, but surveillance video. we talked about the lord & taylor camera directly across the street from the second bombing. there were two other cameras at least that were supplied by a company called access communications. those cameras were high definition cameras. so these could be very high quality images, and we expect
as opposed to within the criminal justice system, which seems to be what the obama administration will do. after all, he is a u.s. citizen. he carried out the crime on u.s. soil. and there doesn't seem to be a whole lot of legal basis to try him as enemy combatant, which is not to say there aren't going to be more calls particularly from the right to do just that. >> when in theory you have so much evidence on american soil, why tarnish the prosecution by going enemy combatant. if you have no backlash from anybody who says you didn't do it the right way. >> he stole a suspect. but clearly -- you've got to walk through the process, right? >> i was thinking this weekend, again, and i'm speculating, you read the articles. we know now he ran after his own brother. you know what the defense is going to be. i was brainwashed by my brother. i ran over him to get away. >> the older brother, basically was even asked to leave his own mosque because his anti-american views were so strong that the islamic community in cambridge was outraged. >> if they saw this happen, raise this question and raise h
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